v3.26.1
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Interest and fees on loans $ 368,416 $ 364,358 $ 716,436 $ 698,508
Debt and equity securities 46,307 45,991 95,897 92,556
Interest bearing cash and cash equivalents 25,207 29,218 46,691 75,792
Total interest income 439,930 439,567 859,024 866,856
Interest expense        
Deposits 167,027 174,798 320,931 349,734
Short-term borrowings 3,552 3,444 5,912 11,690
Long-term debt 8,974 7,930 17,085 16,003
Total interest expense 179,553 186,172 343,928 377,427
Net interest income 260,377 253,395 515,096 489,429
Provision for credit losses 18,000 15,000 34,000 32,000
Net interest income after provision for credit losses 242,377 238,395 481,096 457,429
Non-interest income        
Service charges on deposit accounts 8,853 8,182 18,076 16,022
Wealth management and trust fee income 5,136 3,730 9,524 7,694
Brokered loan fees 2,103 2,398 4,109 4,347
Investment banking and advisory fees 31,522 24,109 63,538 40,587
Trading income 11,313 7,896 21,564 13,835
Other 16,191 9,640 27,573 17,914
Total non-interest income 75,118 54,069 144,384 98,513
Non-interest expense        
Salaries and benefits 123,339 120,154 262,686 251,795
Occupancy expense 12,359 12,144 24,764 22,988
Marketing 4,786 3,624 9,758 8,633
Legal and professional 14,700 11,069 26,680 26,058
Communications and technology 28,494 24,314 55,666 47,956
Federal Deposit Insurance Corporation insurance assessment 4,586 5,096 9,463 10,437
Available-for-sale debt securities gains/(losses) 0 (1,886) 0 (1,886)
Other 17,229 13,875 30,044 25,429
Total non-interest expense 205,493 190,276 419,061 393,296
Income before income taxes 112,002 102,188 206,419 162,646
Income tax expense 27,054 24,860 47,683 38,271
Net income 84,948 77,328 158,736 124,375
Preferred stock dividends (4,312) (4,312) (8,625) (8,625)
Net income available to common stockholders 80,636 73,016 150,111 115,750
Other comprehensive income        
Change in unrealized gain/(loss) (18,375) 20,038 (49,703) 70,317
Amounts reclassified into net income 2,606 9,967 5,163 20,326
Other comprehensive income/(loss) (15,769) 30,005 (44,540) 90,643
Income tax expense/(benefit) (3,628) 6,774 (10,245) 20,467
Other comprehensive income/(loss), net of tax (12,141) 23,231 (34,295) 70,176
Comprehensive income $ 72,807 $ 100,559 $ 124,441 $ 194,551
Basic earnings per common share        
Basic earnings/(loss) per common share (in usd per share) $ 1.85 $ 1.59 $ 3.42 $ 2.52
Diluted earnings per common share        
Diluted earnings/(loss) per common share (in usd per share) $ 1.83 $ 1.58 $ 3.39 $ 2.49